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I’d start with Shannon Masjedi whose blatant lies over the years has cost investors dearly. Not sure how anyone can be so useless running a company that sells food.
just hope pacv is making cuts in payroll.
what a disaster, absolute disaster. I dont know what to do, they cant even keep up with their revenues, let me guess, they lost a couple big customers.
Shannon Masjedi is a scammer!! Do not spend your hard earned money here.
Coming up on 6 months since:
"LOS ANGELES, CA / March 28, 2023 / Pacific Ventures Group, Inc. (OTC PINK:PACV) (“Pacific Ventures” or the “Company”), a consumer-centric holding company specializing in the distribution of food, beverage and alcohol-related products, today announced that it is expanding the number of high quality products it offers.
Seaport Meat Company, a wholly-owned subsidiary of Pacific Ventures, will be introducing a new line of high quality protein and beef products imported from Mexico. As one of America’s leading meat processing foodservice distribution companies, Pacific Ventures will continue to diversify the supply chain and target customers looking for a variety of price points. Mexican beef is rated highly for desirability and quality. Results from surveys and testing indicate Mexican beef is in an advantageous position when competing with other beef products in the current open market.
“As mentioned in our shareholder letter earlier this month, Pacific Ventures is entering its next phase of growth and we will create new opportunities and operational efficiencies. We believe that the company will be able to cross-market to our existing customers and attract a number of new customers with these new products. By offering quality beef products from across the price spectrum, we are confident we can drive increased revenue and simultaneously increase our margins,” stated President and CEO Shannon Masjedi of Pacific Group Ventures."
.0004 close today! Lock Shannon Masjedi up and throw away the key. Great job quitting on your shareholders.
Shannon’s such a crook. I can’t believe this is still trading this high. I guarantee she is still pulling a great salary and stealing huge amounts of money from the shareholders who financed her scam.
especially with all the hype of a possible big acq. last year.
Spring turned into summer and in less than a couple weeks we'll be in fall. Ridiculous lack of follow through to this point from PACV.
moving right along here at pacv!
Fair enough. I just won’t let Shannon pull off her scam any longer. She is a terrible human being!
lol I dont think anyone here helped, she's proven herself completely ruining things all by herself. It's breathtaking. How we could be in this situation with the amount of revenues that we have is mind-blowing, I am at a loss of words. I hope we can get ourselves out of this mess.
They don’t have to file for bankruptcy for all us to know they are bankrupt! Shannon Masjedi mislead her investors into thinking that her company was making great revenues and then all of a sudden started diluting shares. Then she went silent. The stock plummeted and now we are looking at a huge reverse split. She is a criminal and should be thrown in jail along with the pumping pieces of trash here that have promoted her failing business. She straight out lied and when she gets caught so will all the others here that helped. Do you agree?
Not disputing Shannon’s failures and consistent losses for investors. Am disputing disinformation. They did not file for bankruptcy. That is an outright lie.
Dude, all I’m saying is every investor who put money into this company is at a huge loss because of the lies and misinformation by not only Shannon but also certain posters here who are also likely in on this scam.
Dude. All I’m saying is they didn’t file BK. That statement was misleading. Over and out.
Please tell me you don’t honestly think there is any hope for this company after they way Shannon Masjedi deceived her shareholders. They have endless issues. What amazes me is the amount of money Shannon has paid herself over the years for running her business so terribly. She is by far the worst CEO of any OTC company. She is absolutely useless! Just get the reverse split over with already so that we can lose even more money!
They have not filed for bankruptcy. Let’s keep the facts straight.
Yes they have cash flow issues, and other issues.
How is it possible to be optimistic? They are bankrupt! They lied to investors. No volume. Shannon Masjedi still collects a huge salary. She is the only person who is benefiting. It’s a dilution scam. She hasn’t filed on time in years. This is done. Accept the loss!
thnx! i have little choice but to hold here iam upside down so like you hoping for a move.
$PACV HOLDING FOR MOVE.
So the TA stopped reporting the SS?
I personally guarantee that Shannon Masjedi will never pull off another scam again! I’m still stuck with millions of share of this trash. I will however get my money back from these crooks no matter what it takes!
Same old shit here, just a different year.
Some things never change:
https://s3.amazonaws.com/sec.irpass.cc/2467/0001493152-23-029398.htm
hope we something on tca soon thnx
As of recent updates looks like they are still working that out.
i hope pacv paid off the tca debt pennies on the dollar.
Not getting hopes up, and for what it’s worth (if anything) I’ve been running logic’s simulations with AI… inputing data on what the company has done and comparing it with what the company has said it is in the process of doing. These AI simulations are coming back with a probability rate of at least 80%, that the company is preparing for an acquisition and uplist.
I’d like to think this of course, though Shannon doesn’t have a good track record of communicating with shareholders to this point.
This company is going nowhere until they completely wipe out all the current management and put in honest hardworking people to run the company. Shannon Masjedi is a terrible human being and will be held accountable for all the lies she pulled over the last 5 years. She’s a piece of shit!
This company is going nowhere until they resolve the TCA and other debt issues and starts communicating with shareholders. On the NAZ they will be shorted to next to nothing
They are not diluting (at least as much as I was expecting) after raising the A/S count and announcing a reverse split. Maybe we are close to this happening:
"The Company is also still in negotiations and due diligence on the acquisition previously announced. Ms. Shannon Masjedi, Pacific Venture Group's Chief Executive Officer, commented, "We are working towards a definitive agreement and looking forward to closing in the near future. In addition to their existing business, we believe there are great synergies to expand Seaport Meat Company's and San Diego Farmers Outlet's reach toward the middle of the country given their customers and distribution capabilities. This would be a transformational acquisition and, if consummated, will catapult us to near $80 million annual revenue and enable us to be positioned to start the process of an up list to a major national U.S. exchange."
This could explain the A/S raise, to accommodate the acquisition (shares to the sellers), then split it down right after to meet the PPS requirements of getting listed on a national exchange. Not holding my breath on this; it's just that it appears that this could be a setup to support the plans laid out in the letter to shareholders. My 2 cents. GL all.
Time to boot Shannon Masjedi and the rest of the useless management. I personally would like to boot them all in the head for the scam they’ve pulled but for now I will keep calm. Warm place in hell waiting for these crooks!
.0004 price showing now a paint job on 10,175 shares.
11:40:47 0.0004 10175
From the 6/30/23 TCA receivers report, only discusses the small loan:
Given the upcoming sale of the loan portfolio, this Report only discusses loans for which
there has been some notable activity or status to report during the Twelfth Reporting Period.
Pacific Ventures
Loan Origination: June 2017
Loan Principal: $2,399,966
Loan Interest: $821,088
Total Balance: $3,221,054
Last Payment: March 18, 2022
Status: Communicating and Making Partial Payments
Prior to the Receiver’s appointment, TCA permitted PACV to pay only $10,000 (not the
required $75,000) per month, to avoid a default so PACV could attempt to complete a capital raise.
During this Reporting Period, the Receiver continued to negotiate terms of a potential settlement.
Little helpful advice for Shannon Masjedi and management at PACV:
-put in some effort into your job because you are terrible at what you do.
-stop lying because it’s evident that nobody believes a thing you say.
- give away your company to somebody who can run it properly because it’s easy to sell food and food products but you are incapable because you are lazy and greedy.
I'm loving the communication strategy the company mentioned a while back. Working awesome!
Getting closer to that inevitable drop to .0001. How many times has Shannon Masjedi lied to her investors over the years? Too many to count. Looking forward to seeing what this con artist has in store next.
Looks like everyone has caught on to your scam
Shannon Masjedi. I’m here to ensure you can’t try it on anybody else! We are coming for you!!
Why would it squeeze? It’s a bankrupt company run by a terrible, greedy piece of trash.
WHAT ABOUT A SHORT SQUEEZE ??-- AHAHAHAHA
Hey BLULLISH! Can you get in touch with Shannon Masjedi and tell her to stop scamming her shareholders? Thanks in advance as I know you are a big advocate of this hugely successful company. LOL
.0006. Great job Shannon, you piece of trash. I will gladly make sure you don’t con anyone else into investing in anything you are involved in. You are the worst of the worst! I’m taking you down!!
correct! owned better ! pacv should step up and inform everyone re seaport farms?
“Affiliated”? Shouldn’t say owned
scroll down thread and read please
https://seaportsteak.com/about/
"Seaport Farms and Seaport Meat are both premium brands. Seaport Meat Company has been San Diego’s premier meat purveyor for over 40 years."
"Seaport Farms is pleased to offer fine steak house and restaurant cuts of meat delivered to your home. Because Seaport Farms is affiliated with the Seaport Meat production facility, we can offer the Best Meats at the Best Prices. Seaport Meat has always provided meats to your favorite restaurants and butcher shops, and now our best meats will be offered to you online for delivery at a great price."
This company, has absolutely zero affiliation with PACV!
Nope! They are losing money. You are completely wrong and misleading people into thinking this is not a dilution scam. Shannon is a corrupt CEO who has lied to investors in order to collect her hefty salary. I’d be happy if you can prove otherwise but you won’t.
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